Description

The Regency represents an excellent opportunity to purchase an asset at $37,692 per unit . With occupancy hovering between 75 and 80%, the property represents an excellent repositioning opportunity. The mix is as follows:

- 40 1x1s - 55 2x1s - 14 2x1.5 townhomes - 20 3x2s - 1 3x1

With sub-market occupancy at 95% and rising rents, there is significant demand for rental product in this market.

The property features central heat and air, large, well-designed unit layouts with an average square footage of 777, a swimming pool, two laundry rooms, and is fully gated. The property last sold in 2004 for $8,500,000

Upon stabilization, ARA forecasts $1M in gross potential revenue and $450k in NOI.

The Regency is located next to Florin Towne Center, Little Saigon Plaza, Pacific Rim Plaza, and Pacific Plaza, collectively making up over 1M sq ft of retail space within walking distance of the property:

The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P